. >> reporter: jim jacobson has sold 22% of the residences at the ritz to affluent chinese. >> basically, they don't have a place to put their money. they look as their own economy as a place that's not very stable. the housing market is not very stable there either. >> reporter: this housing complex in irvine, california, is being built for chinese buyers. separate wok cooking rooms, no unlucky 4's in the addresses and multi-entrances for multi-generational living. scott meadows says chinese wealth is an opportunity, not a threat for american business. >> america is known for quality, so the chinese look at american-made products and foreign-made products in general as things they can trust. >> reporter: after all, that eagle is on the bottle because what so many chinese want is something made in the usa. ben tracy, rbs news, napa valley. >>> coming up after your local news on "cbs this morning" more on the violent weather in the south. we'll have live reports from alabama and indiana. plus, an eye-opening look at how your smartphone is collecting information about you and gale king sit